China's Chemical Economy Grows Well In The First Half Of 2011

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On July 13, the National Bureau of Statistics released the national economic data in the first half of this year. From the January to the June, the industrial added value has maintained a rapid growth. The growth rate of the chemical materials and chemical products in June reached 15.8 percent, while a few months before the growth rate stays around 13%. At the same time, the enterprise benefit continues to increase. In addition to petroleum processing and coking industry, the other industrial sectors continue to maintain high profit growth.

Data show that in the first half of this year, the GDP is 20.4459 trillion yuan. Calculated at comparable prices, it increased 9.6% compared with the same period of last year. The first quarter increased 9.7% and the second quarter increased 9.5%. In the first half of this year, the national-scale industrial added value increased 14.3%. In terms of industries, 39 major industrial sectors have achieved growth.

Chemicals raw materials and chemical products industry increased 15.1%. The sales ratio of industrial enterprises above designated size reached 97.8%, an increase of 0.1 percentage points compared with the same period of last year. In the first half of this year, the crude oil production was 102.89 million tons, an increase of 4.6%. Fixed asset investment, oil and gas industry in the first half are 93.5 billion yuan, an increase of 1.3%.

Industrial production grew steadily, and the benefit of enterprises continues to increase. From the January to the May, the national-scale industrial enterprises realized profits of 1.9203 trillion yuan, an increase of 27.9% compared with the same period of last year.

Of the 39 major industries, 37 industries increased profits and two industries fell. Among them, the profits of the oil and gas industry rose 37%. Chemicals and chemical products increased 57.4%. Chemical fiber manufacturing industry increased 56.9%. Petroleum processing, coking and nuclear fuel processing industry fell 51%.

The spokesman of the State Statistical Bureau Sheng Yun believes that the current overall functioning of the Chinese economy is in good condition. The main economic indicators maintained steady and rapid growth. The economic growth of GDP for four consecutive quarters stays stable at a growth rate of 9.5% to 10%.

From the real economy perspective, large-scale industrial added value is stable for four consecutive quarters.The profits of industrial enterprises above designated size increased 27.9%, reflecting the relatively high quality of growth. Analysts say that the risk of rapid decline in economic growth is relatively small.


About the Author:
I am Amanda Xia from chemchinanet.com, and my work is to promote a free online trade platform. http://www.chemchinanet.com/ contain a great deal of information about pest control chemical, liquid sodium aluminate, chemical water treatment,and more.



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